Ambitious young professional, Busy Entrepreneur, Domus Developments, Downsizing Baby Boomer, Family-oriented Couple, First-time Homebuyer, International Investor, New Condos, Newlywed Couple, Real Estate Investor, Remote Worker, Retiree, Single Parent, Waterloo
Income: $60,000 per year (pension and investments)
Location: Toronto suburbs
Personality: Calm, practical, and community-oriented
Real Estate Goals and Challenges
David is a 65-year-old, calm, practical, and community-oriented retiree with an annual income of $60,000 from his pension and investments. After living in the Toronto suburbs for many years, he is ready to downsize to a more manageable property while staying close to friends and family. His main goal is to find a smaller home or condo in a quiet neighbourhood with easy access to healthcare and recreational facilities.
To find a smaller home or condo in a quiet neighborhood with easy access to healthcare and recreational facilities
Downsizing to a more manageable property while staying close to friends and family
Embracing an Active and Social Retirement Lifestyle
As a retiree, David values his independence and wants to live in a community that promotes an active and social lifestyle. Therefore, he is interested in exploring properties with accessible design features and amenities, such as single-level living, elevators, and secure entrances. Additionally, David would appreciate having nearby walking trails, parks, and community centres to engage with fellow residents.
Navigating the Market for the Ideal Retirement Home
David’s challenge is to find a suitable property that meets his needs within a reasonable distance from his existing support network. By collaborating with a real estate agent specializing in retirement living and understanding his priorities, David can confidently navigate the market and secure his ideal home.
Balancing Proximity to Family and Desired Amenities
An essential aspect of David’s search for a new home is finding the right balance between staying close to his friends and family while ensuring easy access to healthcare and recreational facilities.
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Our property management services can help property owners efficiently manage their rental properties. We address the pain point of dealing with problem tenants by handling tenant screening and taking prompt action on late rent payments or property damages. With our expertise and support, property owners can have peace of mind knowing that their investment is protected. Contact us today to learn more.
In addition to our expert guidance in finding your perfect new home, we have screened a few trusted relocation companies in the local neighbourhood of your new home. These companies can assist with every aspect of your move, from packing and transportation, so you can focus on settling into your new neighbourhood. Enjoy our comprehensive relocation services, and you can have a stress-free and seamless transition to your new home.
Individual investors seeking to diversify their portfolio with real estate assets can invest in REITs as a solution. REITs offer a diversified portfolio of income-generating properties without requiring property management. With REITs, investors can gain exposure to the real estate market and the potential for income and capital appreciation while enjoying liquidity. It's a convenient and accessible way for individual investors to diversify their portfolios with real estate assets.
Have a Different Question?
Explore the Learning Hub page and find valuable insights and practical tips on everything from buying and selling properties to property management and investment strategies. Our articles, guides, and videos are for first-time homebuyers and experienced investors. We want to help you make informed decisions regarding real estate, so browse our collection and learn something new today.
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